Problem $7-20$ Finding the Dividend $[$LO $1]$

Matterhorn Corporation stock currently sells for $$64\mathrm{.}48$ per share. The market requires a return of $9$ percent on the firm's stock. If the

company maintains a constant $4\mathrm{.}5$ percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

Note: Do not round intermediate calculaqtions and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Dividend per share